5 early-stage DeFi projects worthy of attention in the near future

Original author: Ignas, encryption researcher

Original compilation: Leo, BlockBeats

When meme and BRC-20 are extremely hot, we should not ignore the trends in other fields of crypto, and temporarily focus on meme and BRC -20 Move over to see what's new in DeFi. Encryption researcher Ignas published an analysis of the recent tracking of VC capital flows to determine new DeFi trends, and listed 5 innovative DeFi projects that have just been financed. BlockBeats compiles as follows:

There were 130 crypto rounds worth $1.34 billion in April, a far lower total than in March when just four projects (Stripe, Ledger, Matter Labs and eToro) have raised a total of $8.2 billion. Overall, there is no trend change in the financing market.

But when it comes to DeFi, the amount of financing is on the rise! Last month, 23 DeFi projects successfully raised funds, with a total of 249 million US dollars, 2.5 times the amount raised in March, which means that the current DeFi is more attractive than NFT and CeFi!

I focus on well-known venture capital bet seed wheel. Most of these projects don’t have a token yet, and I believe early projects that get funded during a bear market will have a good chance of doing well in a bull market.

This is my summary of the Top 5 DeFi projects last month:

Catalyst

Catalyst is a modular cross-chain DEX that can be used as a modular blockchain The permissionless liquidity layer of the future. It enables seamless liquidity connection and asset swap between different blockchains, such as Ethereum, Cosmos and other emerging chains. Catalyst's goal is to create an interconnected ecosystem where users can easily access assets and applications across multiple chains, aiming to make cross-chain easier and inject higher liquidity into a modular future.

Catalyst allows the exchange of native assets (tokens that do not require wrap) and provides the first permissionless cross-chain pool creation. It's great for modular and multi-chain narratives. The project raised $4.2 million in April, with participation from Spartan Group, Maven 11, Robot Ventures, Alchemy Ventures, Circle Ventures, Polygon Ventures, and Hashkey.

Swaap

Swaap is an AMM protocol that solves the problem of impermanent losses in transactions and reduces transaction costs using dynamic spreads and price oracles. Previously, the impermanent loss record of the WBTC/WETH/USDC pool in Swaap V1 launched in July was less than 1%. In the future, they will also airdrop SWAAP tokens to LPs.

此外， The released V2 of Swaap introduces a more advanced market-making model, more types of tokens, and the choice between high-yield and low-risk strategies. And both Catalyst and Swaap are currently whitelisted. In April, Swaap completed a US$4.5 million seed round of financing, led by Signature Ventures, and participated by a number of VC and angel investors.

FARE Protocol

FARE Protocol is not very active and may temporarily Don't want to be found out. Its social media accounts were created 9 months ago, and the official Discord is not very popular. But recently FARE Protocol completed a $6.2 million seed round led by C Squared Ventures and Goat Capital.

FARE Protocol uses probabilistic smart contracts to provide a new token dynamic mechanism. Its "profit and loss" system is similar to a casino, destroying/minting FARE tokens based on transparent on-chain probability events. However, all FARE held will be redistributed in addition to the net proceeds.

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Pear Protocol

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Pear Protocol is an on-chain derivatives trading platform. It is allowed to long one token and short another token in a single trading pair. App is not live yet.

Users can use USDC as collateral and choose long/short head lever pair, and Positions are processed in a single trading pair, certified by ERC-721. The project recently completed a $1.25 million seed round of financing, with participation from Flow Ventures, RNR Capital, Portico Ventures, and JY Capital.

Playbux.co

Playbux.co is a completely different s project. The project recently raised $2 million in funding from Binance, Gate, Tron, Certik, and others. According to data from DappRadar, Playbux is currently the No. 4 encrypted DApp on the BNB chain.

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Playbux is divided into two parts. First, Playbux is a metaverse platform where users can purchase and consume BRK for games, win rare NFTs, and share in the NFT market Make combinations or trades.

Second, Playbux is still a "Shop to E arn” platform, users can Get 5% rebate on online shopping in BUSD on this platform. Includes over 20,000 merchants such as e-commerce platforms AliExpress and Alibaba. Users can use the earned BUSD in the game or withdraw it. So far, it appears that the majority of users are Asian.

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